US7840474B1 - Method and system for managing requests for proposals for electronic trading of financial instruments - Google Patents
Method and system for managing requests for proposals for electronic trading of financial instruments Download PDFInfo
- Publication number
- US7840474B1 US7840474B1 US10/014,864 US1486401A US7840474B1 US 7840474 B1 US7840474 B1 US 7840474B1 US 1486401 A US1486401 A US 1486401A US 7840474 B1 US7840474 B1 US 7840474B1
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- United States
- Prior art keywords
- requestor
- responses
- trade
- trader
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- Expired - Fee Related, expires
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- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/06—Asset management; Financial planning or analysis
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
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- Business, Economics & Management (AREA)
- Engineering & Computer Science (AREA)
- Finance (AREA)
- Accounting & Taxation (AREA)
- Development Economics (AREA)
- Technology Law (AREA)
- Marketing (AREA)
- Strategic Management (AREA)
- Economics (AREA)
- Physics & Mathematics (AREA)
- General Business, Economics & Management (AREA)
- General Physics & Mathematics (AREA)
- Theoretical Computer Science (AREA)
- Entrepreneurship & Innovation (AREA)
- Game Theory and Decision Science (AREA)
- Human Resources & Organizations (AREA)
- Operations Research (AREA)
- Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
Abstract
Description
TABLE 1A |
F/X Products |
Options |
Vanilla and Currency Pair (USD/JPY, GBP/USD, etc.) |
Calls (European, American, etc.) | |
Puts (European, American, etc.) | |
Risk Reversals and Straddles (European, American, etc.) | |
Strangles (European, American, etc.) |
Exotic and Currency Pair |
Knock-ins/outs (calls, puts, etc.) | |
Reverse knock ins/outs (calls, puts, etc.) |
Forwards |
Currency Pair |
Spot starting | |
Forward starting |
Currency Pair (i.e. Spot) Transactions | ||
TABLE 1B |
Fixed Income Products |
Swaps |
Currency (USD, JPY, GBP, etc.) |
Swap spreads (traded with treasury hedge) |
All-in rate swaps |
Spread switches |
All-in-rate switches |
Basis Swaps |
Currency |
1-3/3-6/1-6 month basis swaps (London Interbank Offered Rate |
(“LIBOR”), Tokyo Interbank Offered Rate (“TIBOR”), etc.) |
CP-3 month basis swaps (LIBOR, TIBOR, etc.) |
Forward |
Currency |
1/3/6 month (LIBOR, TIBOR, etc.) |
FRA Switches (LIBOR, TIBOR, etc.) |
Swaptions |
Currency |
European (payer, receiver, straddle, etc.) |
Bermudan (payer, receiver, straddle, etc.) |
Bermudan-European Switches (payer, receiver, straddle, etc.) |
Caps/Floors |
Currency |
Cap/Floor, Straddle (LIBOR, TIBOR, etc.) |
Digital Cap/Floor (LIBOR, TIBOR, etc.) |
Convexity Products |
Currency |
Cap/Floor, Straddle (CMS/ |
Rolling Spread Locks against a spot hedge |
Rolling Spread Locks quoted outright |
TABLE 1C | ||
Equity Products |
Options |
Vanilla and Underlying (IBM, S&P 500, etc.) |
Calls (European, American, etc.) | |
Puts (European, American, etc.) | |
Straddles (European, American, etc.) |
Exotic and Underlying |
Calls | |
Puts | |
Straddles |
Forwards |
Underlying |
Spot starting | |
Forward starting |
Underlying (i.e. Stock/Index) Transactions | ||
-
- “[cause text]:[pre-structure header]][main structure header],[Size]MM[Direction][Status]REQUESTED [time]”
- where,
- cause text=“RFP”;
- pre-structure header=
- if the structure of the RFP is not in traderx's open screen group, i.e. if the structure is not in the currently open screen, display a pre-structure header, (e.g. USD, GBP, USD/JPY);
- else BLANK;
- main structure header=
- <display continuous material attributes of the structure, e.g. the information in the exp/ten and strike columns as shown in market action table 200 (e.g. 412 of FIG. 4)>;
- size=size of the order requested by the owner of the RFP;
- direction=
- “bid,” “offer” or “two-way” depending on whether the RFP owner wishes to buy or sell the instrument;
- status=
- if RFP owner is willing to accept ABC responses
- then “ABC”, else BLANK; and
- time=the time the Alert was generated (preferably right justified).
Claims (15)
Priority Applications (1)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US10/014,864 US7840474B1 (en) | 2000-12-11 | 2001-12-11 | Method and system for managing requests for proposals for electronic trading of financial instruments |
Applications Claiming Priority (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US25468000P | 2000-12-11 | 2000-12-11 | |
US10/014,864 US7840474B1 (en) | 2000-12-11 | 2001-12-11 | Method and system for managing requests for proposals for electronic trading of financial instruments |
Publications (1)
Publication Number | Publication Date |
---|---|
US7840474B1 true US7840474B1 (en) | 2010-11-23 |
Family
ID=43087353
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
US10/014,864 Expired - Fee Related US7840474B1 (en) | 2000-12-11 | 2001-12-11 | Method and system for managing requests for proposals for electronic trading of financial instruments |
Country Status (1)
Country | Link |
---|---|
US (1) | US7840474B1 (en) |
Cited By (3)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US20090192930A1 (en) * | 2007-08-24 | 2009-07-30 | Michael Breitenbach | Methods and systems for trading options and other derivatives |
US10102577B2 (en) | 2013-09-09 | 2018-10-16 | Nex Services North America Llc | Method and apparatus for order entry in an electronic trading system |
US20190244292A1 (en) * | 2018-02-07 | 2019-08-08 | Baton Systems, Inc. | Exotic currency settlement systems and methods |
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2001
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Cited By (5)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US20090192930A1 (en) * | 2007-08-24 | 2009-07-30 | Michael Breitenbach | Methods and systems for trading options and other derivatives |
US10102577B2 (en) | 2013-09-09 | 2018-10-16 | Nex Services North America Llc | Method and apparatus for order entry in an electronic trading system |
US11295384B2 (en) | 2013-09-09 | 2022-04-05 | Nex Services North America Llc | Method and apparatus for order entry in an electronic trading system |
US11636544B2 (en) | 2013-09-09 | 2023-04-25 | Nex Services North America Llc | Method and apparatus for order entry in an electronic trading system |
US20190244292A1 (en) * | 2018-02-07 | 2019-08-08 | Baton Systems, Inc. | Exotic currency settlement systems and methods |
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